The European Commission has introduced a major new state aid framework aimed at scaling up clean technology manufacturing across the European Union.

Europe’s push toward a low-carbon economy is gaining momentum, but financial leaders warn that private investors will only commit to high-risk clean technologies if banks and institutions offer more robust, flexible financial guarantees.

Scaling up the cleantech industry is essential to decarbonising Europe’s economy and reindustrialising key sectors. These technologies include everything from renewables to carbon capture and energy storage. To meet growing demand and achieve meaningful impact, cleantech projects must expand rapidly.